In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Aecon Group Inc. (TSX: ARE). Analyst Frederic Bastien from Raymond James reiterated a Buy rating today.
Bastien has an average return of 15.0% when recommending Aecon Group Inc..
According to TipRanks.com, Bastien is ranked #1372 out of 4881 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aecon Group Inc. with a C$20.29 average price target, a 17.6% upside from current levels. In a report issued on September 28, National Bank also reiterated a Buy rating on the stock with a C$19 price target.
.
The company has a one-year high of C$20.06 and a one-year low of C$14.27. Currently, Aecon Group Inc. has an average volume of 395.4K.
Aecon Group, Inc. engages in construction and infrastructure development. It operates through the following segments: Infrastructure, Industrial, and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and on a selected basis, internationally.
The company’s shares closed on Wednesday at C$17.26.
